Posted by NOBY > Aug 26, 2018 10:49 PM | Report Abuse
KC, I believe your returns did not take into account dividends received. For example Axis Reit, the adjusted price on 26/8/2013 after including dividends is RM 1.2 and not RM 1.71.


Thanks Noby. I have corrected the information in the post.

Posted by 3iii > Aug 26, 2018 03:02 PM | Report Abuse
KC
When your book is ready, I will buy 10 of this to give to my love ones.
3iii


Thank you very much. Your pre-orders have been taken. It gives me motivation to complete it asap.

Posted by qqq3 > Aug 26, 2018 12:59 PM | Report Abuse
people say why hantam OTB and KC...
I say, if not me, then who else?


1) What kuali you have to do that? You just can't response to me any of my question to you on some simple investment terms. That clearly expose you are a fake.

2) What records you have to qualify you to do so? You don't even have RM100k to invest after working so many years as "accountant"

3) Why you want to do that to me? Just because I am propagating fundamental investing? Why?

Posted by qqq3 > Aug 26, 2018 12:44 PM | Report Abuse
kc....whether fake accountant or real accountant....not that much significance in stock market...funny...engineer like you pays so attention whether I am fake accountant or not....
a lot of your approach to stock market is summarized by an author who wrote about Physics envy by engineers participating in stock market. .....looking for a physics formula to solve stock market problems........


You read, or rather flip through some pages of some books and talk as if you know so much about it, but in fact, very superficial understanding.

Take for example, those people are using quantitative investing in your physic envy, often with complicated algorithm, such as that Black-Scholles formula by the Nobel prize winners in Economics.

Fundamental investors emphasizes on understanding of the business, how it makes money, is it making good money, is the business sustainable etc. They of course have a feel of what the value of the business is and to compare to its price if it is worth investing. The maths involve is just simple maths, and they are essential.

For example, you talk about "fooled by randomness", presumably a book by Nasim Taleb, but you talked about nonsense with nothing related to the book, or you just simply don't know you yourself is fooled by randomness, by saying i bought this share at this price and sold it and made so much money, and some other trades you have made.

You can fool some of the people some of the time but you can't fool all the people all the time. The more you talk, the more you expose your stupidity.

You openly said you like to carry out personal attack on two persons here, kcchong and otb.

1) What kuali you have to do that? You just can't response to me any of my question to you on some simple investment terms. That clearly expose you are a fake.
2) What records you have to qualify you to do so? You don't even have RM100k to invest after working so many years as "accountant"
3) Why you want to do that to me? Just because I am propagating fundamental investing? Why?

You are a trader? I know of course. Why so great about that? Are you able to or have you articulate how your trading strategy is; besides saying oh I bought this at 50 sen two weeks ago, and luckily I sold if off this morning at RM1.00.

Nobody learn anything from that kind of statement. Tell us why you bought, and how you decide to sell.

Critical thinking your strength? You really use your brain when you carry on personal attack?

You have BS? Have you clearly article wtf your BS is? Yeah of course, bull shitting a lot. Talk nonsense.



Posted by qqq3 > Aug 26, 2018 12:22 PM | Report Abuse

kc....whether fake accountant or real accountant....not that much significance in stock market...funny...engineer like you pays so attention whether I am fake accountant or not....

whether I am fake accountant or not does not matter.


I am a trader....have been writing about trading and writing about the bull-shitting going on in so called value investing as written by you.....load of bull - shitting...

market of safety? my foot
Buffalo style investing in Malaysia?...another bull-shitting

One of my strength, ...critical thinking...and recognizing hang pig head sell dog meat....this strength very useful in stock market....

and of course, business sense....nice to read articles with lots of business sense.....but this requires uncommon talent and a lot of thinking....

Posted by VenFx > Aug 26, 2018 12:19 PM | Report Abuse
kcchongnz sir,
Should compile them into a book...

Thanks VenFx,it is in the process. It ill be out before this year. Hope you can support.

Posted by CharlesT > Aug 26, 2018 12:09 PM | Report Abuse
Yeap.agreed

Thank you very much. Not easy to get good words from Charles, you know.

Posted by cheated_ > Aug 26, 2018 10:35 AM | Report Abuse
If HRC(OTB, KYY, Kc all promoted before) cannot reach RM 10(some even said RM 42) how to say promoters are friend?


KC promoted HRC? When, where?

If you got cheated,look at the mirror. That is the one responsible for it.

In the earlier years in i3investor, I wrote some articles on my analysis of companies to share with i3investors readers on the philosophy, methodologies, process of fundamental investing. Never have the intention to promote any stock. What for?

In this few years, I still write a lot of articles, but mostly were educational pieces on fundamental investing. I hardly write about any particular stock, unless I found it heavily promoted with some bad intention and practices such as margin finance to the public, and I didn't see the attraction of the company.

You may say I promote my investment course, which is true, but that is more of a social service to the public.

Posted by CharlesT > Aug 26, 2018 09:05 AM | Report Abuse
Kc chong may be wondering wtf he was doing all this while...spending years n hard efforts in writing so many long posts for what?
New boy in the town with less than 20% return in 2017 dare to ask for rm5k for one single tips (??)...

Charles, I know wtf I have been doing in i3investor, and very happy about it.I have written 331 articles in i3investor. Yes, not much monetary rewards, which is not the most important thing in life, but the pride of doing some social service to the public in educating those who wish to learn something useful in investing in stock market.

Don't you think I am doing something good for the society?

Posted by qqq3 > Aug 26, 2018 10:48 AM | Report Abuse
my favorite target for writing here remains OTB and KC....gives me great pleasure.


It gives me utmost pleasure just to respond to your "attack" on me too with my name stated, to expose a know-nothing, talk-nonsense, fake accountant, an incredible PLP, etc. The more you carry out personal attacks, the more you show your stupidity, ignorance, and PLPness.


See how a great PLP acts below,

Posted by qqq3 > Aug 25, 2018 11:28 PM | Report Abuse
In response to this message
http://klse.i3investor.com/blogs/koonyewyinblog/171084.jsp
I wrote the following to KYY...and he thanked me for it.....

Posted by qqq3 > Aug 26, 2018 10:54 AM | Report Abuse
I dont consider myself attacking this Jon, count me out of it.
my favorite target remains OTB and KC...gives me great pleasure.


It gives me great pleasure too to expose a fake, a liar, a PLP etc., a know-nothing fake accountant, just by responding to your "attack".

kcchongnz is not a super investor. He never claims as one. A super investor is too big a hat for him. What he is doing here is just to share some investment knowledge and experience which he claims are useful for investing in the stock market.

I don't know much about Lay Hong, but more of QL. I admire the management of QL which has been creating shareholder value maximizing for many years. I heard the management of Lay Hong is also good.

The fundamentals of Lay Hong is good. It has consistently making money in the past. For the latest annual financial performance, it did well too with net profit doubled to RM41m, or 6 sen per share.

Margin of this type of business is low, but it is able to leverage it and obtain reasonably good ROE of 11.4%.

Valuation wise okay with both PE and EV/Ebit of about 10, much lower than QL, I think.

Just one concern. Why did the director kept on selling his warrants last month? Is there something we don't know?

I will rate Layhong as a longer term investment. If I have it, I will keep it, after its share price has dropped so much. We don't buy something we think good but then sell it for half the price later for no apparent reason, do we? Of course if something seriously happen.

Posted by wlchew > Aug 23, 2018 04:13 AM | Report Abuse

I have dabbled in the stock market since 1968 and had yet to make 1 ringgit and I can't remember how much I have lost till now.

ME: I AM SURE YOU HAVE MADE SOME MONEY ONE TIME OR ANOTHER, EVEN IF YOU SIMPLY TIKAM. ONLY THAT OVERALL YOU MAY LOSE EVERY YEAR.

The only thing I learned is that if your remiser don't trust you is the only sure thing you will still be around after50 years as you can only loose what you have.

ME: THINK OF IT MY REMISIERS MUST HAVE NOT TRUST ME. THEY HAD NEVER ENTICED ME TO TAKE UP MARGIN FINANCE TO PUNT IN THE STOCK MARKET AS THEY PROBABLY THOUGHT I WOULD NOT BE ABLE TO PAY UP WHEN THINGS DIDN'T WORK OUT.

ordinary guys can never and will never make $ fr klse unless you have lots of $$$$$ and belong to one of the syndicates who manipulates klse.
So be happy if you don't loose your underwear

ME: GREAT POINT. FOOD FOR THOUGHT.

I ALWAYS PONDER WHY SOME PEOPLE COULD MAKE SO MUCH MONEY IN SPECULATING IN THE STOCK MARKET AS CLAIMED, EVEN IF THEY ARE RICH, AS I STUDY THE PUBLISHED RECORDS AND THE WAY THEY SPECULATE/INVEST, AND THE STOCKS THEY SHARED AND THE ARTICLES THEY HAVE WRITTEN, IT IS HARD TO BELIEVE THAT BIG MONEY WAS MADE.

SO THE ABOVE STATEMENT MAKES A LOT OF SENSE.

Posted by NOBY > Aug 23, 2018 08:58 AM | Report Abuse
I think John in this example can be considered "lucky" that he didnt make money in the stock market using the wrong approach in the early stage. Imagine if he had doubled or tripled his money using the wrong process and was convinced of his god given skills. The damage from this overconfidence would a be a lot bigger further down his investment career.

Great point.

If you read public forum like i3investor, you would notice that some individuals seems to have made a lot of money in the stock market just by luck or other means. So they become over-confident that they have found the Holy Grail in making money in the stock market.

They double up their bet each time, make RM1m, double up with another million with margin finance, make another RM2m, RM10m, and continue to double up with MF, and just bet big on one stock or two, confidently think that he will be another George Soros before he dies. Sure win one.

This is additive, like drug, and that is the mind-set of a big gambler. It only requires once, the appearance of a black swan, or a gross misjudgment, and the stock market or the particular stock tanks and everything evaporated.

There were many case happened in 1998. Some of them still paying back their losses even now.

Yes, if he has been losing money, his own money which he can afford to lose, the above won't happen.

Posted by chabalang > Aug 21, 2018 06:42 PM | Report Abuse
Another interesting piece from KC Chong...something relevant for most retail investors. Do keep up your good work! My 2-cent opinion, retail 'investors' will be better off just buying low-cost index tracking funds (but they won't because it is boring).

Very good point.

Boring shouldn't be a reason for wealth preservation but bear in mind index fund also has its other problems.

Posted by ks55 > Aug 22, 2018 05:09 PM | Report Abuse
RMB now 57.96 sen. It will go to 60sen soon. Can it go to 70 sen? 80sen?
Invest in RMB dominated collectibles is equivalent to invest in RMB. Invest in RMB dominated collectibles is equivalent to invest in RMB.
中國瓷器
大師國畫,墨宝
名家紫砂壺
勐海茶廠、下關茶廠改制前普洱茶
印级普洱茶
OBOR Initiative coupled with Xi's Speech on 19th CMC Direction for China future development (Dream), China's economy can only growing from strength to strength.
RMB exchange rate denotes the health of China economy. Like it or not, it will further reflect its value five years down the road.

See?
Is it that difficult to make 26% ROI yearly for next 10 years to come?


One very interesting thing about finance and investment is that it is about the future, and the future is full of uncertainties.

With regards to the movement of macro thingy like foreign exchange rate, nobody has done it right consistently and there is no statistical significance evidence to show that anyone can do it.

The interesting is the power of arbitrage. If some investment is so good that you are expected to get CAGR of 26% over the next 5, 10 years, 20 years, the price of the asset would have been bidden up right now that you won't be able to get that CAGR.

Posted by Ooi Teik Bee > Aug 22, 2018 05:40 PM | Report Abuse

Posted by kcchongnz > Aug 22, 2018 04:43 PM | Report Abuse

Ans :
I always avoid myself whenever any article related to Mr Koon.
All of you can doubt that Mr Koon will not set aside RM 50 million to build hostel for Penang government, but not me.
I was told more than RM 50 million was set aside for this donation. I refused to disclose the actual amount.
I believe I know more than many readers here because he told it to me personally.
Please do not doubt Mr Koon's sincerity. He will do it faithfully.
I knew how much Mr Koon win big in 2015 on VS, Liihen, Latitud, Hevea, Gkent and Gamuda-WE.
The loss in Jaks is nothing if compared against the gain in 2015.


I do not doubt his sincerity in donating RM50m to the Penang government. Never. After all what so much of wealth is for if not do some charity work and leave a legacy, especially if your next of kin does not require so much money after one expires.

Yes, I know there is a lot of money there and the sincerity is guaranteed. But just to ensure that is done, place that in a trust fund of something now. It is not a matter of how much he has now.

Just to reiterate, it is not that I have doubt of his sincerity and ability now.

I highly respect this charitable donation.

Posted by qqq3 > Aug 22, 2018 07:49 PM | Report Abuse
kc
the quality of blogs have improved , as long as people use more business sense in their blogs....and less fake news in their blogs like this fellow........
http://klse.i3investor.com/servlets/forum/600168169.jsp
I am not in favor of fake news blogging
I am in favor of honest sharing from KYY

Fake news? Future eye has provide all relevant data and detail analysis. Don't just say fake, but show what is fake.

I kind of think this below is fake news when Jaks's share price dropped unabated to less than RM1 now after you promote it and asked people to use MF to sailang it from RM1.50 to RM1.80,

Posted by qqq3 > Aug 22, 2018 11:58 AM | Report Abuse
As for me....my business sense makes me at least 5 round on Jaks already ....the last time sold at the top and even wrote to a friend to sell at $ 1.70 and never look back.

Or

"Oh, I thought you were involved in a pumped-and-dumped activities. This is because with the share price dropping like that unabated from RM1.80 to below RM1.00, and you were promoting it relentlessly, only those involved in this pnd activities can make money. Some more made 5 rounds!"

Posted by qqq3 > Aug 22, 2018 07:12 PM | Report Abuse
kcc
nothing to do with the law.
I am not even an investor....I am a small time trader. A small time trader cannot wait for the IPP to be completed. I trade according to my business sense.


Oh, I thought you were involved in a pumped-and-dumped activities. This is because with the share price dropping like that unabated from RM1.80 to below RM1.00, and you were promoting it relentlessly, only those involved in this pnd activities can make money. Some more made 5 rounds!

Posted by qqq3 > Aug 22, 2018 11:58 AM | Report Abuse
As for me....my business sense makes me at least 5 round on Jaks already ....the last time sold at the top and even wrote to a friend to sell at $ 1.70 and never look back.


Wow, damn good man. When Jaks share price dropped unabated by closed to 50% six months ago, you are able to sell at the peaks. Some more made 5 rounds. Damn great man!

But I thought you were writing heaps of comments to ask people to use margin and sailang on Jaks when it was at RM1.50 to RM1.80 relentless woh.

Is this what you mean by your statement here, or you had done something to break the law?

Posted by qqq3 > Aug 22, 2018 06:48 PM | Report Abuse
hang pig head sell dog meat.....every time he sets up store, that is what he do.

osted by qqq3 > Aug 22, 2018 06:48 PM | Report Abuse

this kcc...hang pig head sell dog meat.....every time he sets up store, that is what he do.


Where you found my "store"?

Posted by qqq3 > Aug 22, 2018 06:44 PM | Report Abuse
don't feint innocence kc
your wet dreams is you want to be in position to push up shares preferably with other people money.

what share do I "pushed"? Do I need to? What for?

Posted by qqq3 > Aug 22, 2018 06:32 PM | Report Abuse
kc...
you want predictability and compounding, there is a price to pay for it in the form of diversifications and what CFAs do...

not what you and that OTB pushing shares with the help of his clients.....


What a outrageous statement from an accountant. What has compounding to do with diversification and CFAs?

And what share do I "pushed"?

See how you continuously expose your ignorance and stupidity! Some more claimed that you are an accountant. My God!

I don't worship people who make a lot of money from stock market, neither do I condemn them.

What is so great of making money from others in a zero-sum game?

But I give respect to people who are truly noble, those who selflessly contribute to the society, without fear or favor, with humility.

To re-post this below,

Posted by Sslee > Aug 20, 2018 01:10 PM | Report Abuse
Dear Halite,
But expectation on Mr. KYY is equally sky high because of his respectable social status, founder of many companies, philanthropist works, keen and prolific writer on politic, economy, nation, life and investing plus his proclaimed noble intention to teach general public on how to invest and to become successful in investment and life. Thus his conducts had to live up to a certain high standard.

Posted by qqq3 > Aug 22, 2018 06:25 PM | Report Abuse
a portfolio for adventurers, not suitable for widows...you call that compounding?

Compounding has nothing to do with a portfolio for adventurers, nor for widows or whoever.

See how you continuously expose your ignorance and stupidity! Some more claimed that you are an accountant. My God!

Posted by qqq3 > Aug 22, 2018 06:18 PM | Report Abuse
kc....regarding the subject of compounding.........a lie repeated a thousand times by people like you to serve your own purpose is still a lie.

"Compounding is the eighth wonder of the world. He who understands it, earns it. He who doesn't understand it, pays it" Albert Einstein.

Compounding is a simple concept taught to school children and university students as a basc in personal finance.

See how you continuously expose your ignorance and stupidity! Some more claimed that you are an accountant. My God!

Posted by qqq3 > Aug 22, 2018 12:34 PM | Report Abuse
kcc is a book worm with no business sense....and lacks local knowledge.....in any case, never liked people who choose to cari makan the way he do.....He so good , no need customers.
but I know...people who knows do, people who don't teach......hahaha


I no business sense, you got heaps? I have written a number of articles about what I think business sense is, here are some of them,

https://klse.i3investor.com/blogs/kcchongnz/134621.jsp
https://klse.i3investor.com/blogs/kcchongnz/125145.jsp
https://klse.i3investor.com/blogs/kcchongnz/123266.jsp

Have your articulated what your "Bullshit" is?

Cari makan? I guess you don't understand the joy of passing something good to the young people. It is a social service. Teachers are the greatest people around.

I did not pick those stocks for him.

I was "sacked" as his portfolio manager. It was written clearly here.

https://klse.i3investor.com/blogs/kcchongnz/110836.jsp

By the way, even if it was me, I don't feel proud nor happy about it.

I was damn glad I was involved in it. Seriously.

Posted by stockraider > Aug 22, 2018 05:25 PM | Report Abuse
Suppose ur friend borrow from u rm 20k....and return to u say rm 22k after 5 yrs with a 10% gain....is it good leh ??
Of course no good loh...compound return is 2% pa loh....if u put in fixed deposits is 4% pa loh....!!
And 4% pa compound over 5 yrs will give rm 24k mah....!!

Posted by qqq3 > Aug 22, 2018 05:39 PM | Report Abuse
stockraider...its called the risk premium.


See, how you exposed your terrible stupidity! Some more called yourself an account?

Posted by qqq3 > Aug 22, 2018 05:19 PM | Report Abuse
who invented all these talks about compounding in the stock market?
I bet u it is invented by the internet sifus like kcc and OTB.

Posted by qqq3 > Aug 22, 2018 05:12 PM | Report Abuse
there are instruments for compounding...it is called fixed rate instruments....
share market is for a different purpose.
don't use wrong tools.
or play in wrong market.

I told you. If you don't know, keep your mouth shut that nobody knows you are stupid and ignorant. I actually specially written a post to try to educate you with simple language below,

https://klse.i3investor.com/blogs/kcchongnz/166759.jsp

But you failed to grasp it, failed terribly.

Some more a self-proclaimed "accountant".

"Such a stupidity never seen before" Mahathir

Posted by ks55 > Aug 22, 2018 04:36 PM | Report Abuse
@kcchongnz:
I hope this promised RM50m donation has been set aside.
22/08/2018 15:14
If he has the tendency using MF to punt big in Jaks and Sendai, do you think he is willing 'to set aside' 50m idling?


One may have RM100m now, or RM200m, but with margin finance of 2:1, a 50% decline in stock price will wipe out a person's net worth completely.

As this donation has been leveraged many many times in public, and for the benefits of the students and his own legacy, it is good that this must be set aside first.

Posted by Sslee > Aug 20, 2018 11:50 AM | Report Abuse
Dear Halite,
The questions are why KYY cannot kindly share his buying when he start to buy lionind? And why he said he got margin call to sell JAKS and at the same time buying Lionind in the millions?


I don't think you should expect him to inform you when he started buying. I wouldn't tell you too if I were him.

But telling those who had sold to buy back the share at a price twice a couple of months ago at RM1.30 in the statement below shouldn't have been made as it appears that he is propagating the greater fool theory,

“Many of my friends have also asked me if they should buy back at higher price if they have sold earlier. Of course, many shareholders would have sold too early and regret. A few smart one will dare to admit their mistake and buy back at higher price. In view of its good increasing profit growth, if you have sold, you should buy back”.

This is also in view of your statement below,

Posted by Sslee > Aug 20, 2018 01:10 PM | Report Abuse
Dear Halite,
But expectation on Mr. KYY is equally sky high because of his respectable social status, founder of many companies, philanthropist works, keen and prolific writer on politic, economy, nation, life and investing plus his proclaimed noble intention to teach general public on how to invest and to become successful in investment and life. Thus his conducts had to live up to a certain high standard.

Posted by stockraider > Aug 22, 2018 03:18 PM | Report Abuse
this is what general raider advocating all along....but if u have no confidence & no conviction and whatever u do half heartedly...how can u be successful in investment leh ??
U should not worry ...that u can't even get above 2% to 5% return pa...in the long run...u better pack your bags loh....!!
A good investors should easily beat 5% pa benchmark consistently & easily loh....!!
But he need to develop his skills and have confidence & conviction loh....!!
return you are expecting the next year, the next two years, or the next 5 years?


In investing, it is important to follow a good investing process, of course with conviction, whole-heatedly and also confidence, rather than focus on outcome. We can control our investment process, but we can't control the outcome, can you?

Many good and skillful investors below has double digit negative return. There is no way many of them can turn positive by the end of the year.

http://klse.i3investor.com/blogs/stock_pick_2018/167668.jsp

Does it mean they "better pack your bags loh"?

One "super investor" is shouldering heavy double digit negative return for the last two years. Are you qualified to tell him, "better pack your bags loh"?

Tell me, what was your expected return for the past one year, and what was your outcome?

If you can't make 5% for the past one year, should I also tell you to
"better pack your bags loh"?

I hope this promised RM50m donation has been set aside.

Posted by stockraider > Aug 22, 2018 02:32 PM | Report Abuse
IS ALL ABOUT COMMON BUSINESS SENSE INTERPRETATION...NOTHING SO SPECIAL ABOUT MIND READING LOH....!!


Oh no, I think your mind is that of a super intelligent guy to equate the two statements as synonymous to each other.

Anyway, wise men think alike. Great!


"Posted by qqq3 > Aug 21, 2018 08:47 PM | Report Abuse
a LiKaShing armed with Confucian classics and Art of War with rudimentary knowledge about accounts and annual reports can beat the Accountants, the CFAs and the Actuaries in the stock market......can believe or not?"

Posted by stockraider > Aug 22, 2018 02:24 PM | Report Abuse
DO NOT READ LITERALLY LOH, OF WHAT QQQ SAY MAH, ACTUALLY HE MEAN IS THAT LI KA SHING HAS THE BUSINESS SENSE TO SAILANG WHEN HE SEE OPPORTUNITY LOH...!!

"Posted by qqq3 > Aug 21, 2018 08:47 PM | Report Abuse
a LiKaShing armed with Confucian classics and Art of War with rudimentary knowledge about accounts and annual reports can beat the Accountants, the CFAs and the Actuaries in the stock market......can believe or not?"

Posted by qqq3 > Aug 22, 2018 02:26 PM | Report Abuse
Posted by stockraider > Aug 22, 2018 02:24 PM | Report Abuse
DO NOT READ LITERALLY LOH, OF WHAT QQQ SAY MAH, ACTUALLY HE MEAN IS THAT LI KA SHING HAS THE BUSINESS SENSE TO SAILANG WHEN HE SEE OPPORTUNITY LOH...!!


Great interpretation raiders. Wow, you can read his mind. Respect and Kudos to you!

Posted by qqq3 > Aug 22, 2018 02:14 PM | Report Abuse

kcchongnz > Aug 22, 2018 02:02 PM | Report Abuse
I didn't know Li Ka Shing become rich from sailang and using margin finance in speculating in stock market? What an enlightenment!
==========

how else could someone like LiKashing become so rich if not for sailang and margin?


In the stock market? Amazing! Which stocks he sailang using Margin finance?

"Posted by qqq3 > Aug 21, 2018 08:47 PM | Report Abuse
a LiKaShing armed with Confucian classics and Art of War with rudimentary knowledge about accounts and annual reports can beat the Accountants, the CFAs and the Actuaries in the stock market......can believe or not?"

Posted by qqq3 > Aug 21, 2018 08:47 PM | Report Abuse
a LiKaShing armed with Confucian classics and Art of War with rudimentary knowledge about accounts and annual reports can beat the Accountants, the CFAs and the Actuaries in the stock market......can believe or not?


Li Ka Shing "beat the Accountants, the CFAs and the Actuaries in the stock market"

???

I didn't know Li Ka Shing become rich from sailang and using margin finance in speculating in stock market? What an enlightenment!

Posted by qqq3 > Aug 22, 2018 01:38 PM | Report Abuse
hang pig head sell dog meat

You are disgusting. Be careful, Jakim and the animal protection group will come after you.

Posted by qqq3 > Aug 22, 2018 01:23 PM | Report Abuse
ME: GREEDY FOR PERFORMANCE? I THOUGHT YOU HAVE BEEN CRITICIZING ME FOR TOO CONSERVATIVE FOR REFUSE TO USE MARGIN FINANCE, REFUSE TO BUY JAKS AND SENDAI, NO HIGH AMBITION, NO SAILANG ETC.?
==========
hang pig head sell dog meat.....your logo.....

You have been repeating this statement thousand times. What actually you mean? Please elaborate!

You hang pig head in your house, and tell others you sell dog meat ah?

It is deplorable, disgusting of you!

Posted by qqq3 > Aug 22, 2018 01:23 PM | Report Abuse
ME: GREEDY FOR PERFORMANCE? I THOUGHT YOU HAVE BEEN CRITICIZING ME FOR TOO CONSERVATIVE FOR REFUSE TO USE MARGIN FINANCE, REFUSE TO BUY JAKS AND SENDAI, NO HIGH AMBITION, NO SAILANG ETC.?
==========
hang pig head sell dog meat.....your logo.....


Please give a response to my questions above intelligently. Otherwise it only show how ignorant and stupid you are. Really!

Posted by qqq3 > Aug 22, 2018 12:58 PM | Report Abuse
kc.....like all internet gurus.....u and that OTB....
greedy for performance...will always be tempted to help push those high risk high reward shares.

ME: GREEDY FOR PERFORMANCE? I THOUGHT YOU HAVE BEEN CRITICIZING ME FOR TOO CONSERVATIVE FOR REFUSE TO USE MARGIN FINANCE, REFUSE TO BUY JAKS AND SENDAI, NO HIGH AMBITION, NO SAILANG ETC.?

the higher the beta, the better for your resume.
just ignore the losing ones....sure got the high beta winners one.

ME: TELL ME WHAT YOUR UNDERSTANDING IN RISK IS IN INVESTING. IS BETA AN APPROPRIATE METRIC? WHAT IS BETA? WHICH IS MY STOCK IS HIGH IN BETA, AT WHAT VALUE? I HAVE MANY PORTFOLIOS OF STOCKS PUBLISHED IN I3INVESTOR.

IF YOU CAN'T ANSWER ME, I SUGGEST YOU SHUT YOUR MOUTH, BECAUSE OTHERWISE YOU ARE EXPOSING YOUR IGNORANCE.

in stock market...can always divide the shares into 2 categories.....the high risk high rewards ones and the low risk low rewards one.

ME: IN STOCK MARKET, BUYING OF STOCKS, ALWAYS HIGH RISK HIGH RETURN? WHERE IS THE RESEARCH YOU ARE REFERRING TO? SHOW ME.

I DO HAVE A COUPLE OF ARTICLES TALKING ABOUT RISKS IN INVESTMENT, BETA, ALPHA AND SIGMA ETC JUST FOR DISCUSSIONS PURPOSE BUT I NEVER USE IT TO MEASURE RISKS IN INVESTMENTS. I USE OTHER MEASURES AS RISKS.
YOUR TURN NOW.

OTB portfolio is for the adventurers, not suitable for widows......but he will never say so himself.

ME: YOU TALKING ABOUT LIONINDUSTRIES? BY THE WAY WHO TOUTING IT IN I3INVESTOR?

Posted by investor81 > Aug 22, 2018 01:04 PM | Report Abuse
Hi kcchongnz,
It is long time you never share your investment return for your latest stock pick service.
Just curious how is the return despite the fluctuation at 1st half of 2018.

For the past one year, my average return is -1.4%, compared to KLCI of +0.8%. Hence there is an under-performance compared to the blue chips.

Compared to the small cap stocks, which the 10 stocks in my portfolio is made up of, my portfolio did much better as the small cap index dropped by 12.9% over the same period.

Investing success depends on heads I win a lot; tails I lose a little.

Posted by Up_down > Aug 21, 2018 09:38 PM | Report Abuse
No time to read news and announcement. No time to learn proper investing. No time to monitor. Not interested in doing homework. The best way could be....follow 3iii picks. His portfolio is growing bigger and bigger in longer term....he is still making money even though many counters were badly hit.

Posted by stockraider > Aug 21, 2018 10:26 PM | Report Abuse
Do not let conman 3iii mislead u loh....!!
Raider Having spare with 3iii for 10 yrs ....raider understand 3iii loh....!!
In fact raider can list out 3iii stocks loh;
1. Petdag
2. Nestle
3. Pbb
4. Dutch Lady
5. Heim
6. LPI
7. Aeoncr
8. carlsberg


This portfolio of 3iii returned an average of 379% over the last 10 years. In compounded annual return, it is a whopping 16.4%, compared to 5.2% of the broad index.

In comparison with the performance of the fund managers investing in Bursa for the last 10 years, only 6 funds out of 100(?) returned more than 8%, with the maximum of 10.7%.

That has been a fantastic performance of 3iii's selection of stocks.

“Respect and Trust takes years to build, seconds to break, and forever to repair”.

Money can't buy respect and trust. Respect, trust, good reputation and a legacy will last forever.

You can't bring money to the other world. It vanishes into thin air once one is expired.

Good piece. Just add something I just read.

"Respect, trust and love, must be earned. Earned as well as returned."

Good article. You certainly have god future in your investing.
Generally, there are three important aspects which are important in investing; qualitative, quantitative, and psychological.

Qualitative analysis looks at many aspects of the business; Is the business durable, or does it have sustainable demand for its service and products? does it have a growth prospects? how is the management? etc. Almost everyone is an important.

We can also carry out some simple maths to determine the qualitative aspect of the business such as how is its return on capitals, for if a business does not earn a return over its costs of capitals consistently doesn’t make sense. Hence ROE, ROIC can be considered as quantitative analysis of the quality of a business.

The above qualitative analysis certainly better than and definitely more complete analysis of what some simplistic “business sense” on just “profit growth prospect”. To me to evaluate a business is not just about a couple of its quarterly results.

Valuation ratios such as P/E, P/B, EV/Ebit, DY etc. (nor ROE or ROIC) are just some of the simple valuation techniques to check if a stock is expensive or not in relation to a benchmark or its peers at the present. They are quantitative in nature, yes.

No, my investment philosophy and methodologies are definitely not “quite similar” to this “business sense” of just using a fuzzy “growth prospect” which often be twisted and changed to suit each circumstance, and a simplistic PE ratio as a “golden rule”. Far from it. I would say it is totally different.

I even found the “business sense” propagated in i3investor speculative and manipulative.

Posted by stockraider > Aug 19, 2018 12:17 AM | Report Abuse
kcchong, ur response is uncalled for...on me as well as qqq...loh..!
What wrong did qqq did on u, until u attack him personally with long a long list leh ??
I m surprise u cannot control ur emotion when i just highlight your over reaction loh...!!

Over-reaction, me?
My comments just to tell him (not you) the environment I am in,and only with my name in it.
So how did I "attacked" someone "personally"?

If you want to do what this qqq do each time I share an article in i3investor, you can read his comments, the comments from qqq, stockmanny, Brights?, Desa, etc.

Anyway, I don't think you have won an argument on MF. If you insist on carry on harping on it, go pick someone else. I have no interest to entangle with you. A sheer waste of time.

Posted by dompeilee > Aug 14, 2018 08:18 PM | Report Abuse

In 2013 I bought large positions in the ultimate Ben Graham stocks on Bursa - Kluang, Kuchai & SBagan but many warned me they were value traps.
For four years after that, they dropped by 20-30% on paper but I felt nothing. Then in '18, all three rose to nice paper profits(in Kuchai's case almost +100%) but apart from selling a tiny amount of each just for the satisfaction of being proven right, I retain the bulk of all three positions, each showing respectible paper gains.


I used Kuchai as an example of a deep value investment, not only in NTA, Graham net-net, it is even a negative enterprise value stock, when I shared it a number of times in i3investor, and also in my online courses. Many people scorned me repeatedly in my other totally unrelated sharing of articles after the drop of 20%-30%. Even a student of mine ridiculed me in public in i3investor about my value investing.

At the end, with 100% gain over 5 years as shown by you, the compounded annual return is very good at 15%, while the broad market is generally flat during this 5 year period as shown my post here.

And imagine, if I were at 50% margin, my stocks would have been sold at a loss of more than 50% and i would never enjoy its recovery.

That is exactly why I don't use MF, that I am able to live through the up as well as the down times. More importantly, I never have to stress about it.

Kuchai is just one of my many examples.

Ayoyo,

In trading until this age, I have to be very frank with you that you are one of the very rare cases who had made money and still do. And reading through your posts, I believe in you. You must have some special skills in trading. I don't have.

But when teaching in my course, I have been like a worn-out clock keep on repeating telling my course participants not to trade, but to invest like participating in part of a business. This needs time, often in years.

That is because I am academically trained, reading tons of research and together with logics, I don't believe it is a right thing to do to build long-term wealth.

You are an exception, and there aren't many exceptions in this endeavor.